Saba Capital Management L.P. grew its holdings in shares of The Swiss Helvetia Fund Inc. (NYSE:SWZ - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 325,779 shares of the closed-end fund's stock after acquiring an additional 64,597 shares during the quarter. Saba Capital Management L.P. owned 2.51% of The Swiss Helvetia Fund worth $2,440,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in The Swiss Helvetia Fund by 144.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,244 shares of the closed-end fund's stock worth $47,000 after purchasing an additional 3,694 shares in the last quarter. Gardner Russo & Quinn LLC increased its holdings in shares of The Swiss Helvetia Fund by 1.9% during the fourth quarter. Gardner Russo & Quinn LLC now owns 288,801 shares of the closed-end fund's stock worth $2,163,000 after buying an additional 5,451 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of The Swiss Helvetia Fund by 7.5% in the 4th quarter. Sanctuary Advisors LLC now owns 97,879 shares of the closed-end fund's stock valued at $733,000 after acquiring an additional 6,858 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of The Swiss Helvetia Fund by 375.2% during the 4th quarter. Bank of America Corp DE now owns 13,672 shares of the closed-end fund's stock valued at $102,000 after acquiring an additional 10,795 shares in the last quarter. Finally, Logan Stone Capital LLC bought a new stake in The Swiss Helvetia Fund during the 4th quarter worth $238,000. Institutional investors own 41.12% of the company's stock.
The Swiss Helvetia Fund Stock Performance
Shares of SWZ stock remained flat at $6.31 during mid-day trading on Thursday. The stock had a trading volume of 10,071 shares, compared to its average volume of 42,262. The business has a fifty day moving average price of $7.58 and a two-hundred day moving average price of $8.02. The Swiss Helvetia Fund Inc. has a 12-month low of $6.01 and a 12-month high of $9.43.
The Swiss Helvetia Fund Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Monday, April 14th. Investors of record on Thursday, April 3rd were given a dividend of $3.00 per share. The ex-dividend date was Tuesday, April 15th. This represents a yield of 6.4%.
About The Swiss Helvetia Fund
(
Free Report)
The Swiss Helvetia Fund Inc is a closed-ended equity mutual fund launched and managed by Schroder Investment Management North America Inc The fund invests in public equity markets of Switzerland. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in value stocks of companies across all market capitalizations.
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